The total on-balance-sheet commercial lending exposure in India stood at Rs 71.25 lakh crore in September 2020, clocking a growth rate of 2.1 per cent YoY. For the MSME segment, credit exposure stood at Rs 19.09 lakh crore as of September, showing YoY growth of 5.7 per cent. This credit growth is observed across all the sub-segments of MSME lending.Repo
Enquiries by borrowers rose 13 per cent year-on-year as of December 20 with lending growth largely being driven by the MSME segment. The total on-balance-sheet commercial lending exposure in India stood at Rs 71.25 lakh crores in Sep20, clocking a growth rate of 2.1% y-o-y.
Findings from the TransUnion CIBIL-SIDBI MSME Pulse Report s latest edition indicate that under the government s Emergency Credit Line Guarantee Scheme (ECLGS), commercial credit enquiries surged 58 per cent year-on-year (YoY) in June 2020 and .
Public sector banks are emerging as the leading contributors to resurgence in MSME credit growth, and downgrades are seen in sectors dependent on consumer discretionary spends and the micro loans segment.
Flexi loan facility for added value
Business owners desiring flexibility with their small business loan can opt for the Flexi Loan facility. It allows businesses to borrow and prepay as per their dynamic needs and working capital requirements. One can make multiple withdrawals from the loan, while only paying interest on the amount withdrawn. Part-prepayments can be made at no extra cost and there is an option to pay interest-only EMIs through the initial part of the tenure and the principal, later.
With smart use of the SME Loan, owners can greatly improve their business turnover and gain a firm footing in their market. For easy access to the small business loan, apply online.